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Antero Resources gets $1 billion revolver via JPMorgan and Wells Fargo
By Sara Rosenberg
New York, Nov. 4 - Antero Resources Finance Corp. closed on a new $1 billion five-year revolving credit facility, according to a company news release.
JPMorgan and Wells Fargo acted as the joint lead arrangers and bookrunners on the deal.
The initial borrowing base under the revolver is $550 million.
Proceeds were used to replace an existing $400 million revolver.
As of Thursday, $184 million was drawn on the new revolver and $18 million of letters of credit were outstanding.
Antero Resources is a Denver-based independent oil and natural gas company.
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